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I do, and they support what I've said. And it's not just me, there's been plenty of studies in various markets that observed the same.What I was mainly getting at, is that it is wrong to say that it is always right/wrong to buy when the price is moving down/up. Context and other data are a lot more important.In fact, adding price action to any fundamental backtesting scenario usually makes little difference. That is, a low PE strategy tends to overperform the average - adding extra buy/sell triggers based on price action makes little difference.To be honest, I've never seen a convincing argumest for buying, or not, into a falling, or rising share price. Not one substantiated by data anyway.
I do, and they support what I've said. And it's not just me, there's been plenty of studies in various markets that observed the same.
What I was mainly getting at, is that it is wrong to say that it is always right/wrong to buy when the price is moving down/up. Context and other data are a lot more important.
In fact, adding price action to any fundamental backtesting scenario usually makes little difference. That is, a low PE strategy tends to overperform the average - adding extra buy/sell triggers based on price action makes little difference.
To be honest, I've never seen a convincing argumest for buying, or not, into a falling, or rising share price. Not one substantiated by data anyway.
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